Software:
Links:
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| Mortgage Prelude 2.4 |
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This FREE mortgage calculator computes such items as
your monthly payment, amortization schedules, interest, etc; but it is so much
more. You can actually find out how much of a mortgage you are qualified to get!
One of its most distinguishing features is that it uses the guidelines set forth
by the Federal National Mortgage Association (a.k.a. Fannie Mae) in its
computations. This is a very important concept because they are the same rules
most lending institutions use when evaluating your request for a home
loan.
Via a very friendly interface, the program will prompt you for
important input information such as your income and debt summary, and use the data you provide (along with the
information you provide about the price of the home, interest rate, etc.) to
actually compute if you have met the Fannie Mae Guidelines -- and it will
conveniently do so before you ever have to meet with a loan officer. Mortgage
Prelude will make the entire process of obtaining a loan as easy and quick as
possible for you.
We are confident that this is important because when
you obtain a loan, there is a very high chance that your lender will want to
have the option of selling your mortgage on what is called the secondary market
for mortgages. (In fact, many lenders will sell your loan before you even make
your first mortgage payment.) The two largest buyers of loans on the secondary
market for mortgages are Fannie Mae and Freddie Mac and, thus, those two entities
pretty much set the standards for home loans. What that means is that your
lender will very likely want to make sure that the loan they grant you fits the
industry standard Fannie Mae Guidelines so that they can sell your loan.
Although there are many applicable guidelines, probably the most important are
what are called the "Qualifying Ratios" (which are computed and displayed on
Mortgage Prelude's main screen).
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Mrtgcalc - Mortgage, Lease and Loan Calculators
Mortgage Loan Software AUG.2006
Mortgage Wizard Plus 6.7b
Loan Tracker Software 2
Loan Tracker Software 2
Mortgage Prelude 2.4
Loan Servicing Software
Mortgage Loan Software
Amortization Loan Software 7je
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